Contract vs spot markets: How to navigate shifting freight landscape
FreightWaves SONAR
MARCH 21, 2023
On the surface, transportation is a contract-driven industry. As shippers (think consumer packaged goods or food and beverage companies) and carriers both know, however, even the best-negotiated contracts are capable of failing in the face of freight market volatility. That’s where the spot market comes into play. Contract and spot rates move in tandem with each other.
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